HB 88 KY Became Law
AN ACT relating to unlawful trade practices and declaring an emergency.
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Summary
Repeal, reenact, and amend KRS 286.2-685 as a new section of Subtitle 3 of KRS Chapter 286 to make technical amendments; remove prohibition against use of financial institution names in certain marketing and solicitations; establish a civil penalty for violation of section; establish a new section of KRS Chapter 367 to prohibit the use of financial institution names in the marketing and solicitations of persons who are not financial institutions in certain circumstances; make violation of section an unfair, false, misleading, or deceptive trade practice in violation of KRS 367.170; authorize enforcement by the Attorney General and any trade organization representing one or more financial institution industries; establish remedies for violation of section; establish a new section of KRS Chapter 367 to regulate certain real estate service agreements; make recording of certain real estate service agreements a crime and provide penalties for violation of recording prohibition; make violation of section an unfair, false, misleading, or deceptive trade practice in violation of KRS 367.170; authorize enforcement of section by Attorney General; authorize Attorney General to promulgate administrative regulations; amend KRS 324.160 to establish that violation of section regulating real estate service contracts by real estate licensees is improper conduct; provide that the provisions of the Act are severable; RETROACTIVE, in part; EMERGENCY.
Sponsors (21)
- M. Meredith Republican · primary
- M. Pollock Republican · primary
- A. Bowling Republican · primary
- S. Bratcher Republican · primary
- R. Bridges Republican · primary
- B. Chester-Burton Democratic · primary
- M. Clines Republican · primary
- P. Flannery Republican · primary
- A. Gentry Democratic · primary
- K. Jackson Republican · primary
- DJ Johnson Republican · primary
- W. Lawrence Republican · primary
- D. Lewis Republican · primary
- S. Lewis Republican · primary
- M. Lockett Republican · primary
- S. McPherson Republican · primary
- D. Meade Republican · primary
- S. Miles Republican · primary
- K. Moser Republican · primary
- R. Roarx Democratic · primary
- W. Williams Republican · primary
Action history (25)
- Jan 2, 2024 introduced in House · lower
- Jan 2, 2024 to Committee on Committees (H) · lower
- Jan 9, 2024 to Banking & Insurance (H) · lower
- Jan 10, 2024 reported favorably, 1st reading, to Calendar with Committee Substitute (1) · lower
- Jan 11, 2024 2nd reading, to Rules · lower
- Jan 12, 2024 posted for passage in the Regular Orders of the Day for Tuesday, January 16, 2024 · lower
- Jan 16, 2024 floor amendment (1) filed to Committee Substitute · lower
- Jan 17, 2024 3rd reading, passed 93-0 with Committee Substitute (1) and Floor Amendment (1) · lower
- Jan 18, 2024 received in Senate · upper
- Jan 18, 2024 to Committee on Committees (S) · upper
- Jan 22, 2024 to Banking & Insurance (S) · upper
- Feb 27, 2024 reported favorably, 1st reading, to Calendar with Committee Amendment (1) · lower
- Feb 28, 2024 2nd reading, to Rules · lower
- Mar 15, 2024 posted for passage in the Regular Orders of the Day for Thursday, March 21, 2024 · lower
- Mar 21, 2024 passed over and retained in the Orders of the Day · lower
- Mar 22, 2024 3rd reading, passed 36-0 with Committee Amendment (1) · lower
- Mar 25, 2024 received in House · lower
- Mar 25, 2024 to Rules (H) · lower
- Mar 26, 2024 posted for passage for concurrence in Senate Committee Amendment (1) · lower
- Mar 27, 2024 House concurred in Senate Committee Amendment (1) · lower
- Mar 27, 2024 passed 96-0 · lower
- Mar 27, 2024 enrolled, signed by Speaker of the House · lower
- Mar 27, 2024 enrolled, signed by President of the Senate · upper
- Mar 27, 2024 delivered to Governor · lower
- Apr 4, 2024 signed by Governor (Acts Ch. 76) · lower
Text versions (3)
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